The event was co-hosted by the provincial People’s Committee and the Vietnamese Embassy in Germany, with backing from the Stuttgart Chamber of Industry and Commerce and the German Asia-Pacific Business Association.
In his opening speech, Quyet said Tay Ninh is developing a new generation of green, smart and sustainable industrial parks to support high-tech manufacturing, supporting industries and R&D centres.
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At the signing of the cooperation agreement between Big Dutchman AG and Hung Nhon Group |
With a strategic location, improving transport infrastructure, ample industrial land and fast-improving investment climate, Tay Ninh aims to become a magnet for German firms in hi-tech manufacturing, industrial equipment, automation, semiconductors and digital transformation, he said.
Vietnamese Ambassador to Germany Nguyen Dac Thanh said Tay Ninh’s large-scale industrial parks, logistics links to seaports and international border gates, abundant workforce pool and focus on green industry, high technology, renewable energy and logistics give German investors broad opportunities in manufacturing, automation, supporting industries, clean energy and infrastructure.
Stuttgart was chosen as the venue as Baden-Württemberg is one of Germany's leading economic regions and a major hub for automotive, precision engineering, automation and artificial intelligence. The state is also an important partner of Vietnam, with numerous companies already investing in the country in manufacturing, high technology, energy and vocational training.
Citing the latest Ministry of Finance data, Vice Chairman of the provincial People’s Committee Huynh Van Son said Tay Ninh ranked fourth nationwide in foreign direct investment in the first five months of this year, with total registered capital nearing 2 billion USD, a 94.5% year-on-year surge that underscores the province’s growing pull.
At the event, representatives of the Federal Association of SMEs in Germany (BVMW), business associations, and major corporations such as Big Dutchman, Boehringer Ingelheim, IMG, and VFT Bio Fuels shared their experience in operating in Vietnam and Tay Ninh. They praised the province’s strategic location and supportive investment climate, while stressing priority areas for cooperation, including manufacturing, renewable energy, and hi-tech agriculture.
A signing ceremony for key cooperation agreements between Vietnamese and German enterprises also took place, headlined by a memorandum of understanding between VFT Bio Fuels and IMG Phuoc Dong JSC to study a green steel and bioenergy complex costing roughly 3.1 billion USD across two phases.
A second MoU between Big Dutchman AG and Hung Nhon Group launched hi-tech livestock projects in Tay Ninh with a total investment of about 100 million EUR (114 million USD).
Pieter Buijs, Managing Director of Big Dutchman Vietnam, expressed confidence that cooperation among Hung Nhon, De Heus, Big Dutchman, and partners in genetics, nutrition, and animal health would form a fully integrated value chain, establishing Tay Ninh as one of Vietnam’s and the region’s top hubs for hi-tech livestock production.
Earlier the same day, the Vietnamese delegation held a working session with State Secretary at the Ministry of Economic Affairs, Skilled Craft and Tourism of Baden-Württemberg state Thomas Dörflinger. Both sides discussed potential trade and investment cooperation and urged firms from the state to invest in Tay Ninh, where land has been set aside for German enterprises in processing and manufacturing, high-tech industries and innovation.
The state also announced a joint water treatment project with Bavaria state in Vietnam that could be considered for launch in Tay Ninh.
Source: VNA